By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Supply Shortfall Major Cause of Current Fuel Scarcity – Ibe Kachikwu
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Supply Shortfall Major Cause of Current Fuel Scarcity – Ibe Kachikwu

Farouk Mohammed
By Farouk Mohammed
Published: December 7, 2017
Share
4 Min Read
SHARE

Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products.

Kachikwu, who stated this in a news briefing on Thursday in Abuja, however, said that the Nigerian National Petroleum Corporation (NNPC) was making efforts to ensure that queues at filling stations disappeared in a couple of days.

“Presently, queues in Lagos have reduced. We know that Lagos, Abuja, Benue, Port Harcourt were among the worst-hit areas.

“Benue has been dealt with; Port Harcourt is quite moderated. Apart from these areas, other places in the country are probably liquid.

- Advertisement -

“The major problem is the gap in terms of volume, because NNPC is the only one importing the product to the country,” he said.

The minister assured that there was adequate storage facility for imported products, adding that emergency measures were in place to ensure that the products were available during the Yuletide and post-January.

He said that four vessels laden with petroleum products would “berth in a few days and a total of 20 cargoes are also expected with petroleum products’’.

Kachikwu said that the NNPC had, as at Wednesday, discharged products at its depots, adding that emergency supply, quick truck delivery and stricter monitoring were measures adopted to ensure that queues disappeared.

- Advertisement -

He added that NNPC would use additional trucking to major cities using strategic reserves from Suleja, Minna, Gusau and Gombe.

This, he said, would help to service Abuja, Kano and Sokoto axis to feed the North-West, North-East.

“I have asked the Department of Petroleum Resources (DPR) and Petroleum Products Pricing Regulatory Agency to ensure stricter sanctions on any station that refuses to abide by the rules.

“They need to take a firm action to ensure that we get quick results,’’ he said.

Kachikwu further assured that the market would be flooded with more products to cushion effects of over-subscription through Kaduna refinery production, adding that Port Harcourt was expected to start producing 2.1 million litres of petrol per day.

He said that it was expected that with the adopted strategies, the queues would “slide down’’ in one week.

On long-term strategy, he said that ultimate result would come when the refineries resumed optimal production.

The minister said that work would commence effectively in the refineries in January.

Executive Secretary of DPR, Mr Modecai Ladan, said that many sanctions awaited filling stations found compromising the dispensing process, warning that the stations would be shut down or charged N275 per litre.

He said that any station found hoarding products would either be sealed or its product auctioned or dispensed free-of-charge to consumers.

Ladan added that depending on the offence, defaulters may be shut down for six months or blacklisted.

A drive round Abuja metropolis and highways revealed that only a few filling stations were opened for operation, serving long queues.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Fuel ScarcityIbe Kachikwu
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article NYSC Cautions Corps Members Against Night Parties, Indecent Dressing
Next Article Ahmadu Bello University, Zaria (ABU) 2017/2018 Academic Calendar Published

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow
- Advertisement -
Ad imageAd image
- Advertisement -
- Advertisement -
Ad imageAd image

Recent Posts

Rudeboy Drops New Single ‘Billos’
Entertainment
GTBank Entry Level Program 2025: All You Need to Know
Explainer
Delta Governor: Defection to APC Aimed at Advancing State, Not Weakening PDP
Politics
Tinubu to Attend Pope Leo XIV’s Inauguration in Rome
News
VeryDarkMan
Police Re-arraign VDM Over Cyberbullying Allegations Against Nollywood Actresses, Others
News
- Advertisement -
Ad imageAd image

You May Also Like

NewsTop stories

JUST IN: House of Reps Advances Bill to Make Voting Mandatory

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 15, 2025
News

Panic in Ondo as Two-Month-Old Baby Disappears

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 15, 2025
Brands

Nestlé Empowers Over 300 Youths in Lagos Through MYOWBU Entrepreneurship Workshop

Yusuf Abubakar
Yusuf Abubakar
May 15, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?